Francisco Javier Martinez Lago
๐Ÿ“ฌ October Portfolio Report Welcome to your monthly recap. How did we do this month? โœ”๏ธ Performance: - Month Return: 5.62% - Year-to-Date: 16.65% - In the last 12 months: 31.78% ๐ŸŒ 532 of you are currently copying my portfolio โ € ๐Ÿ’ฒ Assets under Management: $771k โ €โ € โญ๏ธ Risk: low-medium (4) โŒ› Average Copy Duration: 5 months and 18 days ๐Ÿ’ธ Average Copy Amount: $482 ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†:: despite earnings of some major tech companies falling short, the markets were up nicely in October Along with the markets being up, there was also a further decrease in volatility overall. The VIX index (which measures market volatility) is now down to pre-pandemic levels, which is an excellent sign. So why did we have such a good performance this month? Three main reasons: ๐—™๐—ถ๐—ฟ๐˜€๐˜. The COVID-19 situation keeps getting better, both in the U.S and abroad. Vaccination rates keep improving and deaths are down, leading to more consumption. ๐—ฆ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ. Earnings seasons, despite some notable exceptions - i.e: Apple, Amazon, Starbucks - has been overall positive, with earnings growth up around 36% year-on-year so far. ๐—ง๐—ต๐—ถ๐—ฟ๐—ฑ. Biden's new social spending framework does not rise corporate or personal tax rates directly. The main risk to consider for the months and years to come are the ongoing supply chain disruptions. Many companies are looking towards mid-2022 for the situation to improve. It's something I'll be monitoring with great interest. Factsheet (should update soon): Until next time, Javier